Stony Brook Housing Inc
Stony Brook Housing Inc. maintains stable operations with volunteer leadership and fluctuating but generally sufficient revenue.
EIN: 10532000 · Lewiston, ME · NTEE: L20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $109K |
| Total Expenses | $90K |
| Program Spending | 90% |
| Net Assets | $287K |
| Transparency Score | 85/100 |
Is Stony Brook Housing Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Stony Brook Housing Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Stony Brook Housing Inc
Stony Brook Housing Inc (EIN: 10532000) is a nonprofit organization based in Lewiston, ME, classified under NTEE code L20. The organization reported total revenue of $109K and total assets of $385K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Stony Brook Housing Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Stony Brook Housing Inc is a small nonprofit that has been operating for 26 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $93K |
| Total Expenses | $90K |
| Surplus / Deficit | +$2K |
| Total Assets | $343K |
| Total Liabilities | $56K |
| Net Assets | $287K |
| Operating Margin | 2.5% |
| Debt-to-Asset Ratio | 16.3% |
| Months of Reserves | 45.5 months |
Financial Health Grade: A
In 2023, Stony Brook Housing Inc reported a surplus of $2K with revenue exceeding expenses, holds 45.5 months of operating reserves (strong position), has a debt-to-asset ratio of 16.3% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Stony Brook Housing Inc's revenue has grown at a compound annual growth rate (CAGR) of 5.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -0.2% | -25.7% | +5.6% |
| 2022 | +18.4% | +10.3% | -8.5% |
| 2021 | +5.2% | +45.2% | -1.7% |
| 2020 | +0.8% | +27.7% | +0.4% |
| 2019 | -1.0% | -7.5% | +6.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2000 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Stony Brook Housing Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Stony Brook Housing Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $2K, with revenue exceeding expenses.
- Debt-to-asset ratio: 16.3%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all filings, indicating that the organization's leadership is likely volunteer-based or compensated through other means not classified as officer compensation, which is highly efficient for an organization of its size.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Stony Brook Housing Inc's IRS 990 filings:
- Occasional deficit spending, such as in 2022 where expenses exceeded revenue by $28,735.
Strengths
The following positive indicators were identified for Stony Brook Housing Inc:
- Consistent 0% officer compensation, indicating high efficiency and volunteer leadership.
- Strong program spending ratio due to minimal administrative overhead.
- Consistent IRS 990 filing history, demonstrating good transparency.
- Substantial assets relative to annual revenue, providing financial cushion.
Frequently Asked Questions about Stony Brook Housing Inc
Is Stony Brook Housing Inc a legitimate charity?
Stony Brook Housing Inc (EIN: 10532000) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $109K. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does Stony Brook Housing Inc spend its money?
Stony Brook Housing Inc directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Stony Brook Housing Inc tax-deductible?
Stony Brook Housing Inc is registered as a tax-exempt nonprofit (EIN: 10532000). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Stony Brook Housing Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Stony Brook Housing Inc is above average for NTEE category L20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Stony Brook Housing Inc located?
Stony Brook Housing Inc is headquartered in Lewiston, Maine and files with the IRS under EIN 10532000. It is classified under NTEE code L20.
How many years of IRS 990 filings does Stony Brook Housing Inc have?
Stony Brook Housing Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $109K in total revenue.
Is Stony Brook Housing Inc. a good charity?
Based on the available data, Stony Brook Housing Inc. appears to be a well-managed charity with a strong focus on program efficiency, evidenced by 0% officer compensation and generally balanced finances. Its consistent filing history also points to good transparency.
How does Stony Brook Housing Inc. manage its administrative costs?
The organization appears to manage administrative costs exceptionally well, as indicated by 0% officer compensation across all reported periods. This suggests a very lean administrative structure, potentially relying heavily on volunteers.
What is the trend in Stony Brook Housing Inc.'s financial stability?
Stony Brook Housing Inc. shows a generally stable financial trend, with revenues often closely matching or exceeding expenses. While there are occasional deficits, such as in 2022 ($93,014 revenue vs. $121,749 expenses), the organization maintains substantial assets ($343,245 in 2023) to absorb these fluctuations.
Filing History
IRS 990 filing history for Stony Brook Housing Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Stony Brook Housing Inc's revenue has grown by 89.8%, moving from $49K to $93K. Total assets decreased by 23% over the same period, from $446K to $343K. Total functional expenses rose by 51.1%, from $60K to $90K. In its most recent filing year (2023), Stony Brook Housing Inc reported a surplus of $2K, with revenue exceeding expenses. The organization holds $56K in liabilities against $343K in assets (debt-to-asset ratio: 16.3%), resulting in net assets of $287K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $93K | $90K | $343K | $56K | — | View 990 |
| 2022 | $93K | $122K | $325K | $40K | — | View 990 |
| 2021 | $79K | $110K | $355K | $42K | — | View 990 |
| 2020 | $75K | $76K | $361K | $16K | — | View 990 |
| 2019 | $74K | $60K | $360K | $13K | — | View 990 |
| 2018 | $75K | $64K | $337K | $5K | — | View 990 |
| 2017 | $65K | $67K | $343K | $21K | — | View 990 |
| 2016 | $55K | $59K | $456K | $132K | — | View 990 |
| 2015 | $114K | $52K | $556K | $135K | — | View 990 |
| 2014 | $14K | $62K | $443K | $158K | — | View 990 |
| 2013 | $13K | $49K | $457K | $125K | — | View 990 |
| 2012 | $55K | $47K | $469K | $97K | — | View 990 |
| 2011 | $49K | $60K | $446K | $83K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $93K, expenses of $90K, and assets of $343K (revenue -0.2% year-over-year).
- 2022: Revenue of $93K, expenses of $122K, and assets of $325K (revenue +18.4% year-over-year).
- 2021: Revenue of $79K, expenses of $110K, and assets of $355K (revenue +5.2% year-over-year).
- 2020: Revenue of $75K, expenses of $76K, and assets of $361K (revenue +0.8% year-over-year).
- 2019: Revenue of $74K, expenses of $60K, and assets of $360K (revenue -1.0% year-over-year).
- 2018: Revenue of $75K, expenses of $64K, and assets of $337K (revenue +15.9% year-over-year).
- 2017: Revenue of $65K, expenses of $67K, and assets of $343K (revenue +17.2% year-over-year).
- 2016: Revenue of $55K, expenses of $59K, and assets of $456K (revenue -51.8% year-over-year).
- 2015: Revenue of $114K, expenses of $52K, and assets of $556K (revenue +725.1% year-over-year).
- 2014: Revenue of $14K, expenses of $62K, and assets of $443K (revenue +6.8% year-over-year).
- 2013: Revenue of $13K, expenses of $49K, and assets of $457K (revenue -76.6% year-over-year).
- 2012: Revenue of $55K, expenses of $47K, and assets of $469K (revenue +13.1% year-over-year).
- 2011: Revenue of $49K, expenses of $60K, and assets of $446K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Stony Brook Housing Inc:
Data Sources and Methodology
This transparency report for Stony Brook Housing Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.